Guaranteed Asset Protection (GAP)

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An important part of owning a vehicle is making sure that you have coverage in place to protect yourself from the financial hardships that can come with a constructive total loss.

Your primary insurance carrier is only obligated to pay the actual cash value of your vehicle, minus your deductible. In many cases, that could be less than your contractual loan balance, leaving you responsible for payments on a vehicle that is no longer drivable.

MBPI Guaranteed Asset Protection (GAP) is an addendum to your financing contract and can help waive the remaining contractual loan balance* after your primary insurance settles,so you can go about your life and not be weighed down by the potential financial burden.

*subject to the terms, conditions, and exclusions of the addendum.

 

 

Product Details and Notices

All MBPI products are backed by A.M. Best “A” rated underwriters, giving you confidence that your coverage is supported by a provider built to be there when you need it.  To learn more, contact MBPI at (800) 325-7484 and ask our friendly sales team to help connect you with one of our top-rated dealers in your area.

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This page provides a general overview of the product. Please refer to the actual contract provisions for complete details, including benefits, eligibility, exclusions, terms, conditions, and limitations. Coverage may vary by state and may not be available in all states.